News Release

WYOMISSING, Pa.--(BUSINESS WIRE)--Oct. 6, 2009--
Carpenter Technology Corp. (NYSE: CRS), Wyomissing, PA, USA, is
introducing Carpenter CTS-BD1, a new alloy that is part of the Carpenter
CTS™ alloys suite. These particular alloys offer many attributes making
them attractive for use in consumer, industrial and medical knife blade
applications.

The Carpenter CTS family of alloys offers superior edge retention and
surface finish as well as an ability to be machined to a fine edge and
consistent heat-treatability from lot to lot. These attributes make the
Carpenter CTS alloys strong candidates for a wide array of blade
applications, including commercial food processing, paper processing,
textile, packaging, recycling/refuse, kitchen knives, hand tools,
scissors/shears, shaving razors, sport/hunting knives, ice skates,
military/defense, law enforcement, salon blades and various
surgical/medical applications.

All of the Carpenter CTS alloys are produced with stringent quality
control from melting through shipment. Carpenter offers technical
support for customers with questions about the Carpenter CTS alloys and
a new Selectaloy tool is available to aid customers with alloy
selection. The Carpenter CTS alloys are available for sale directly from
Carpenter.

For more information about the Carpenter CTS™ family of alloys,
including the Selectaloy diagram and other Carpenter alloys, visit
Carpenter’s website at www.cartech.com
, e-mail service@cartech.com or
telephone (610) 208-2000 or (800) 654-6543.